ACEN Corp (PSE:ACEN), the listed vitality platform of Philippine conglomerate Ayala Group, in the present day stated it has agreed to amass 136 MW of working wind farms within the US, marking its entry into the US renewables market.
The corporate is buying the portfolio, which consists of eight belongings in Texas, by way of its three way partnership UPC Energy Options LLC from US-based GlidePath Energy Options LLC. The deal is topic to regulatory approvals together with from the Federal Vitality Regulatory Fee (FERC).
The portfolio is about to be repowered.
ACEN has been getting ready to increase to the US. In April 2022, it created a partnership with Pivot Energy Administration and UPC Photo voltaic and Wind Investments LLC to pursue alternatives to amass and repower working wind tasks within the US.
“We’ve long set our sights on the US as our next market following our sustained success in the Asia Pacific,” remarked ACEN International’s chief executive Patrice Clausse.
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